Minutes of the 274th Policy Board Meeting of the DICJ

Date of resolution: August 6, 2020(Thursday), on a round-robin basis

Resolutions

1.Partial amendment to the Articles of Incorporation of the DICJ

  • It was explained to the Policy Board members through visits or other means that, in response to enforcement of the Act to partially revise the Act on Special Measures for Strengthening Financial Functions, etc., the DICJ would make necessary amendment to its Articles of Incorporation such as adding contents concerning dormant deposits management to the purposes of the DICJ. It was also explained that the enforcement date would be the date when the DICJ received approvals for the amendment from the FSA Commissioner and the Minister of Finance.

  • Deliberations on “Resolution (Proposal) 1” were conducted after questions and opinions were solicited from the Policy Board members on a round-robin basis, and the resolution was adopted as proposed.

2.Partial amendment to the Operational Guidelines of the DICJ based on the Act on Special Measures for Strengthening Financial Functions

  • It was explained to the Policy Board members through visits or other means that, in response to the enforcement of the Act to partially revise the Act on Special Measures for Strengthening Financial Functions, the DICJ would make necessary amendment to its Operational Guidelines based on  the Act on Special Measures for Strengthening Financial Functions. It was also explained that the enforcement date would be the date when the DICJ received approvals for the amendment from the FSA Commissioner and the Minister of Finance.

  • Deliberations on “Resolution (Proposal) 2” were conducted after questions and opinions were solicited from the Policy Board members on a round-robin basis, and the resolution was adopted as proposed.

3. Changes (second changes) of budget and funding plans of FY 2020

  • It was explained to the Policy Board members through visits or other means that the DICJ would make necessary changes to the budget and funding plans of FY 2020, which was necessary because of the increase of the upper limit of government guarantee of borrowings, etc. pertaining to financial strengthening operation in the second supplementary budget for FY2020 in response to revise the Act on Special Measures for Strengthening Financial Functions.

  • Deliberations on “Resolution (Proposal) 3” were conducted after questions and opinions were solicited from the Policy Board members on a round-robin basis, and the resolution was adopted as proposed.

Report

1.Amendment to the Operational Policy (FY2020)

It was reported to the Policy Board members through visits or other means that the DICJ would amend its Operational Policy of FY2020 in response to revise the Act on Special Measures for Strengthening Financial Functions.

Top of Page